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    AfriCatalyst to host conference on use of Special Drawing Rights to accelerate economic transformation

    Banks seek shorter maturities in local debt-swap deal

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NLC directs Stanchart to halt layoffs

bycitibusinessnews
July 22, 2015
in Banking And Finance, Business, News
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Citi Business News has gathered that the National Labour Commission (NLC) has ordered Standard Chartered Bank to halt moves to lay off some workers of the bank.

[contextly_sidebar id=”BGH620TTq0owVrbx6QsXUoDl825SHxh1″] The order comes after management of the bank called the bluff of the Union of Industry Commerce and Finance Workers (UNICOF) over its move to strike following the bank’s move to lay off some of its workers this month.

According to the NLC management of Standard Chartered bank have within a week to respond to a review application filed by UNICOF over a ruling of the commission on Wednesday 24th June 2015 on a matter brought by Standard Chartered Bank Ghana Limited (complainants) against the (UNICOF) (respondents) when they hit a deadlock on the determination of redundancy pay for the workers to be laid off.

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In an interview with Citi Business News General Secretary of UNICOF John Esiape warned the bank to dispose off the list of staff members to be laid off.

“Some of us are beginning to question why the Ghanaian is no longer being respected, the workers of Stanchart bank at least from our point of view are one of the worsT remunerated in the industry and yet they are one of the hard working staff in the industry as well but look at how they are being treated, redundancy is not a punishment and a crime. Therefore whatever has happened we see it as a proposal, when we finish discussions and there is the need to affirm those who were earlier informed why not we will do so.”

General Secretary of UNICOF John Esiape told Citi Business News that the two parties will have to agree on the list of staff to be part of the redundancy before any staff member can be made to go home insisting no list has been agreed on therefore all those who have been contacted by the bank is null and void.

–

By:  Norvan Acquah – Hayford/citifmonline.com/Ghana

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